REC Silicon ASA (0FS8) Q2 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.149 -- 00:00:04.816 Good morning. My name is Kurt Levins. I'm the CEO of RAC Silicon. 00:00:04.816 -- 00:00:08.081 And with me is Jack Yoon, 00:00:08.081 -- 00:00:13.767 the CFO of RAC Silicon. Welcome to the second quarter 2025 interim 00:00:14.010 -- 00:00:16.591 results presentation. 00:00:22.143 -- 00:00:26.870 We're going to go through some highlights and updates, 00:00:26.870 -- 00:00:29.871 as well as the financial review. 00:00:31.823 -- 00:00:37.487 Discussion of the strategic direction activities that we've been undertaking. 00:00:39.551 -- 00:00:43.893 And then finally, a summary of where we're at. 00:00:45.998 -- 00:00:51.323 We made significant progress in cost reduction activities in the quarter 00:00:51.323 -- 00:00:54.524 relative to the prior quarter. 00:00:55.447 -- 00:01:00.224 We had some benefits of one-off effects on our event dock. 00:01:00.224 -- 00:01:05.471 that we will discuss subsequent that led to a positive EBITDA of 4.9 00:01:05.471 -- 00:01:07.471 million. 00:01:08.034 -- 00:01:12.901 Subsequent to quarter end, Anchor AS completed voluntary 00:01:12.901 -- 00:01:15.104 offer for shares 00:01:15.104 -- 00:01:19.046 and launched a mandatory share offer. 00:01:19.629 -- 00:01:22.713 Additional financing was received 00:01:22.713 -- 00:01:24.516 and 00:01:24.516 -- 00:01:27.320 is still 00:01:27.320 -- 00:01:29.320 needed. 00:01:29.772 -- 00:01:32.313 Additionally, trade 00:01:32.515 -- 00:01:34.457 actions 00:01:34.457 -- 00:01:36.379 and 00:01:36.379 -- 00:01:40.123 concern around the market effects of this 00:01:40.123 -- 00:01:45.667 have created forecast and demand uncertainty for our silicon gases. 00:01:48.252 -- 00:01:54.556 Silicon gas shipments are in a range that we have settled in for the last three quarters. 00...